Community Financial (CBU) Director John Vaccaro Receives Phantom Stock Award

What Happened John A. Vaccaro, a director of Community Financial System, Inc. (CBU), was granted 346.503 units of phantom stock (a derivative award) on 2026-09-17. The award is reported at an imputed price of $62.77 per unit, for a total reported value of $21,750. This was an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-17; Filing date: 2026-09-18 (reported the next day).
• Amount: 346.503 phantom stock units at $62.77 per unit; total value $21,750 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each unit of phantom stock equals the economic equivalent of one share and will be settled in Community Financial common stock at future dates chosen by the reporting person (Deferred Compensation Plan for Directors).
• Transaction type: A = Award/Grant (derivative), not a cash purchase or sale.

Context Phantom stock units are a form of deferred compensation that mirror the economic value of common stock and are typically settled in shares later; they do not involve an immediate cash outlay or open-market trade. Such director awards are common and reflect compensation arrangements rather than direct market bets by the insider.